Wave Electronics Co. Ltd (095270) - Net Assets
Based on the latest financial reports, Wave Electronics Co. Ltd (095270) has net assets worth ₩51.91 Billion KRW (≈ $35.18 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩104.17 Billion ≈ $70.59 Million USD) and total liabilities (₩52.26 Billion ≈ $35.41 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check tangible equity quality of Wave Electronics Co. Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩51.91 Billion |
| % of Total Assets | 49.83% |
| Annual Growth Rate | 4.17% |
| 5-Year Change | -32.53% |
| 10-Year Change | 39.93% |
| Growth Volatility | 171.49 |
Wave Electronics Co. Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Wave Electronics Co. Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Wave Electronics Co. Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Wave Electronics Co. Ltd (2011–2025)
The table below shows the annual net assets of Wave Electronics Co. Ltd from 2011 to 2025. For live valuation and market cap data, see how much is Wave Electronics Co. Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ₩53.08 Billion ≈ $35.97 Million |
+2.93% |
| 2024-12-31 | ₩51.58 Billion ≈ $34.95 Million |
-11.23% |
| 2023-12-31 | ₩58.10 Billion ≈ $39.37 Million |
-16.21% |
| 2022-12-31 | ₩69.34 Billion ≈ $46.99 Million |
-11.88% |
| 2021-12-31 | ₩78.68 Billion ≈ $53.32 Million |
+654.00% |
| 2020-12-31 | ₩10.44 Billion ≈ $7.07 Million |
-29.82% |
| 2019-12-31 | ₩14.87 Billion ≈ $10.08 Million |
-65.14% |
| 2018-12-31 | ₩42.65 Billion ≈ $28.91 Million |
+2.15% |
| 2017-12-31 | ₩41.76 Billion ≈ $28.30 Million |
+10.07% |
| 2016-12-31 | ₩37.94 Billion ≈ $25.71 Million |
+17.94% |
| 2015-12-31 | ₩32.16 Billion ≈ $21.80 Million |
+6.85% |
| 2014-12-31 | ₩30.10 Billion ≈ $20.40 Million |
+16.82% |
| 2013-12-31 | ₩25.77 Billion ≈ $17.46 Million |
-12.47% |
| 2012-12-31 | ₩29.44 Billion ≈ $19.95 Million |
-1.73% |
| 2011-12-31 | ₩29.96 Billion ≈ $20.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wave Electronics Co. Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8333.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩18.36 Billion | 33.86% |
| Other Components | ₩35.87 Billion | 66.14% |
| Total Equity | ₩54.22 Billion | 100.00% |
Wave Electronics Co. Ltd Competitors by Market Cap
The table below lists competitors of Wave Electronics Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
N.D. Rubber Public Company Limited
BK:NDR
|
$27.77 Million |
|
SoftOx Solutions AS
OL:SOFTX
|
$27.77 Million |
|
Netgem SA
PA:ALNTG
|
$27.78 Million |
|
Marco Holdings Bhd
KLSE:3514
|
$27.79 Million |
|
Happy Creek Minerals Ltd
V:HPY
|
$27.76 Million |
|
TOP Ships Inc.
NASDAQ:TOPS
|
$27.76 Million |
|
Audacia SAS
PA:ALAUD
|
$27.75 Million |
|
Tigers Realm Coal Ltd
AU:TIG
|
$27.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wave Electronics Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 51,575,281,850 to 54,223,804,170, a change of 2,648,522,320 (5.1%).
- Net income of 1,475,684,620 contributed positively to equity growth.
- Other factors increased equity by 1,172,837,700.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩1.48 Billion | +2.72% |
| Other Changes | ₩1.17 Billion | +2.16% |
| Total Change | ₩- | 5.14% |
Book Value vs Market Value Analysis
This analysis compares Wave Electronics Co. Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.12x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩3541.63 | ₩3980.00 | x |
| 2017-12-31 | ₩3816.57 | ₩3980.00 | x |
| 2018-12-31 | ₩3735.79 | ₩3980.00 | x |
| 2019-12-31 | ₩1255.60 | ₩3980.00 | x |
| 2020-12-31 | ₩716.84 | ₩3980.00 | x |
| 2021-12-31 | ₩5308.81 | ₩3980.00 | x |
| 2022-12-31 | ₩4678.33 | ₩3980.00 | x |
| 2023-12-31 | ₩4552.79 | ₩3980.00 | x |
| 2024-12-31 | ₩4041.65 | ₩3980.00 | x |
| 2025-12-31 | ₩4249.20 | ₩3980.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wave Electronics Co. Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.83%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.90x
- Recent ROE (2.72%) is above the historical average (-40.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -1.60% | -1.19% | 1.01x | 1.32x | ₩-3.49 Billion |
| 2015 | -12.25% | -12.88% | 0.52x | 1.84x | ₩-7.16 Billion |
| 2016 | -9.89% | -8.39% | 0.50x | 2.35x | ₩-7.55 Billion |
| 2017 | 0.97% | 0.73% | 0.63x | 2.11x | ₩-3.77 Billion |
| 2018 | -17.83% | -15.82% | 0.51x | 2.23x | ₩-11.87 Billion |
| 2019 | -239.67% | -95.58% | 0.48x | 5.26x | ₩-37.12 Billion |
| 2020 | -265.92% | -69.73% | 0.66x | 5.77x | ₩-28.79 Billion |
| 2021 | 76.86% | 127.41% | 0.48x | 1.25x | ₩52.61 Billion |
| 2022 | -10.94% | -12.82% | 0.62x | 1.38x | ₩-14.52 Billion |
| 2023 | 1.14% | 0.85% | 0.93x | 1.44x | ₩-5.15 Billion |
| 2024 | -12.31% | -8.14% | 0.90x | 1.69x | ₩-11.51 Billion |
| 2025 | 2.72% | 1.83% | 0.78x | 1.90x | ₩-3.95 Billion |
Industry Comparison
This section compares Wave Electronics Co. Ltd's net assets metrics with peer companies in the Communications & Networking industry.
Industry Context
- Industry: Communications & Networking
- Average net assets among peers: $62,878,787,113
- Average return on equity (ROE) among peers: -0.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wave Electronics Co. Ltd (095270) | ₩51.91 Billion | -1.60% | 1.01x | $27.77 Million |
| Eyesvision Corp (031310) | $67.42 Billion | 2.35% | 0.63x | $10.13 Million |
| BG T&A Co (046310) | $33.79 Billion | 0.00% | 1.29x | $21.93 Million |
| SOLiD Inc (050890) | $82.98 Billion | -26.55% | 2.39x | $434.38 Million |
| System and Application Technologies Co. Ltd (060540) | $37.05 Billion | 14.69% | 0.41x | $21.96 Million |
| Homecast Co.Ltd (064240) | $68.13 Billion | -2.53% | 0.39x | $39.37 Million |
| CS Corporation (065770) | $38.98 Billion | -37.05% | 2.16x | $20.28 Million |
| ECSTELECOM Co. Ltd (067010) | $40.21 Billion | 12.44% | 0.57x | $9.60 Million |
| Innowireless Co. Ltd (073490) | $67.19 Billion | -14.61% | 0.22x | $134.44 Million |
| Frtek Co.Ltd (073540) | $37.28 Billion | -11.07% | 0.42x | $18.89 Million |
| Ubiquoss Holdings Inc (078070) | $155.74 Billion | 62.09% | 0.03x | $103.53 Million |
About Wave Electronics Co. Ltd
Wave Electronics Co., Ltd. manufactures and sells products for wireless telecommunications, defense, and display businesses in South Korea. It offers wireless base stations, repeater amplifiers, filters, IoT modules, RF systems, and network systems; signal processing devices for guided weapons; and masks for OLED panel deposition. The company was formerly known as Wave Telecom Corporation and cha… Read more